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50 Petchem Projects underway with Average 40 Progress

50 Petchem Projects underway with Average 40 Progress
(Sunday, June 13, 2021) 17:25

TEHRAN (NIPNA) – The CEO of the National Petrochemical Company (NPC) said currently 50 petrochemical plants are being built in Iran with an average physical progress of 40%.

Behzad Mohammadi, who is also Deputy Petroleum Minister for Petrochemical Affairs said: "Currently, 50 projects with an average progress of about 40% are being implemented in the country's petrochemical industry. By exploiting these projects, the capacity of the petrochemical industry will increase from the current 90 million tons per year to 135 mt/y by 2025.”

During a visit to the petrochemical plants in Assaluyeh, southern Iran, the official expressed satisfaction with the accelerated process of petrochemical projects in the country, adding: “We hope to launch the 10 remaining projects in the second leap of the industry by the next one or two months which have so far made an average of 85% progress.”

He emphasized: “At the same time, the implementation of 40 petrochemical projects in the form of the third leap plans is underway, and the average physical progress of these projects is 34%, and hopefully these projects will be operational by 2026.”

With the realization of the third leap, 20 new products will be added to the petrochemical mix of the country, he went on to add.

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